Multiple Choice
Grammy's Bakery had the following information for the pay period ending June 30:
FICA-OASDI applied to the first $106,800 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%.
FUTA applied to the first $7,000 at a rate of 0.8%.
SUTA applied to the first $7,000 at a rate of 5.6%.
State income tax is 3.8%.
Given the above information, what would be the amount applied to Kitchen Salaries Expense?
A) Debit $12,000
B) Credit $12,000
C) Debit $2,000
D) Credit $2,000
Correct Answer:

Verified
Correct Answer:
Verified
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